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Gold Settles Lower but Maintains $1,800 Level

M. Ali 16 July, 2020 11:49 pm Commodities, Market Update

Gold prices declined on Thursday to their lowest closing level in about a week, as the US Dollar (USD) strengthened despite the number of US jobless claims for last week exceeding market expectations.

However, the yellow metal was able to maintain the $1,800 level.

Gold futures for August dropped by 0.7% or $13.50 to settle at $1,800.30 per ounce.

Spot Gold is down by 0.79%, currently trading at $1,796.95 per ounce.

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